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Condominium
$499,000$489 / sqft
888 S Douglas Rd # 1405, Coral Gables FL 33134
Listed
2
Bedrooms
2
Bathrooms
1,020 sqft
Interior
2007
Year built
$1,351 / mo
HOA
Condominium
Type
About this home
Magnificent 2BR/2BA residence with 2 assigned parking spaces at Puerta de Palmas, an exclusive Mediterranean-style community at the historic entrance of Coral Gables. Enjoy breathtaking, unobstructed views and endless blue Miami skies from this bright, spacious split-bedroom floor plan. Features also include a newer A/C (2025) and generous living areas. Puerta de Palmas is a well-established, professionally managed full-service building offering 24-hour concierge, on-site management, complimentary valet for guests, a state-of-the-art fitness center, heated pool and sundeck, social and business rooms, clubhouse, and pet-friendly living. Residents also enjoy convenient access to the Coral Gables Trolley and Freebee service. For added peace of mind, the seller will pay off the current special assessment at closing. Ideally located just minutes from Miami International Airport, major expressways, and the vibrant Miracle Mile, with its renowned dining, shopping, cafés, theaters, and bookstores. A rare opportunity to enjoy the best of Coral Gables living in one of the area's premier full-service condominium communities.
Features
- Walk-In Closet(s)
- Open Balcony
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Coral Gables, from 33 active listings; the middle half ask $2,675–$4,700.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.